For Sale
$5,008,155

1989 Crawfordville HwyCrawfordville, FL 32327

High-growth area, absolute NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 6,222 square foot Firestone Complete Auto Care store in Crawfordville, Florida. The property boasts a 15.1-year absolute NNN lease, commencing March 14, 2025, and expiring March 31, 2040, with a remaining term of 15.4 years. This provides a passive investment with zero landlord responsibilities. The lease includes five 5-year renewal options, each with a 5% rent increase. The asking price is $5,008,155, reflecting a 5.15% cap rate based on a net operating income (NOI) of $257,920. The building, constructed in 2025, is situated on a 1.01-acre lot with 33 parking spaces and is strategically located on the corner of Linzy Store Road and Crawfordville Highway (Hwy 319), a high-traffic area with 16,000 cars daily. Its prime location is adjacent to a Walmart Supercenter and across from a Dollar Tree-anchored shopping center. The surrounding area demonstrates strong demographics, with a five-mile population of 20,442 and a one-mile average household income of $100,842, exhibiting a 14.21% one-mile population growth rate. This Firestone location benefits from excellent visibility and accessibility, making it an attractive investment for both 1031 exchange buyers and passive investors seeking a secure, high-return property with a credit-rated tenant backed by a corporate guarantee. The property is zoned commercial.

Property Details for 1989 Crawfordville Hwy

Property type
Retail properties, Auto shops
Square Feet
6,222 SF
Year Built
2025
Buildings
1
Stories
1
Lot Size (sq. ft)
43,996 SF
Units
1

Location Insight

City
Crawfordville
County
Wakulla
State
Florida
Latitude
30.2190199
Longitude
-84.3623442
1989 Crawfordville Hwy, Crawfordville, Florida

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1989 Crawfordville Hwy
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